Balkan fuel prices show regional disparity amid market shifts

Fuel prices across the Balkan region and parts of Europe are experiencing significant volatility. In Albania, diesel and gasoline prices are among the highest in the region, approximately 30% above the regional average. This is attributed to a heavy fiscal burden, including excise duties, a 20% VAT, a circulation tax, and a carbon tax, which together account for roughly 50% of the retail price.

In contrast, North Macedonia currently maintains the lowest fuel prices in the region. However, market indicators suggest a potential decrease in diesel prices due to falling Brent and WTI crude oil prices, as well as a weakening US dollar. The Regulatory Commission for Energy in North Macedonia is expected to review these trends for upcoming price adjustments.

In Croatia, the government is set to implement new fuel prices, with expected decreases for diesel and blue diesel following international market shifts. Meanwhile, in Serbia, the government has extended a temporary 20% reduction in excise duties on petroleum derivatives through August 30, though retail prices for diesel and gasoline have seen slight increases.

On a broader scale, European Union data shows a general upward trend in fuel and lubricant prices for July 2026 compared to the previous year, with significant increases noted in countries like Romania, Germany, and Bulgaria.